Bunge Global SA announced that Bunge Limited Finance Corp., priced a public offering of $600 million in senior unsecured notes on Aug. 17. The notes carry a 5% interest rate and mature in 2031. The offering is expected to close Aug. 19, pending standard conditions.
Bunge plans to use proceeds for general corporate purposes, which may include paying down debt, funding operations, capital spending, stock buybacks and subsidiary investments. The notes will be backed by a guarantee from parent company Bunge Global SA. Wells Fargo Securities, BofA Securities, Mizuho Securities and Rabo Securities are serving as lead underwriters.
